Fasten your seat belts

Friday is deadline day for SAA to repay a R9-billion loan, coming just weeks after it was learnt that the airline had slumped to a R4.5-billion loss. SAA enjoys state guarantees of a total of R19.1-billion, and its CEO, acting of course, Musa Zwane, is confident that SAA will have little trouble renegotiating the loans. SAA is claiming significant headway in devising a turnaround plan and a robust five-year business plan to revive the airline. Expect a deluge of selfcongratulation from the president’s trusted friend, Dudu Myeni, if all goes well.